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Originally Posted by zeeder
Mine is financed at 2.9% for 72 months and I'm about to make my first payment in a few days...lol. It's going to be a long, but hopefully extremely enjoyable, six years! That said, the plan is to keep it for 10+ years though no one knows what the future holds.
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Not to knock on you brother, I tend to cringe when I read about 5+ year repayments. By the time you get interests on the 6 yrs and whatever value the car would have remaining should you decide to sell ...
Quote:
Originally Posted by ocfoilist
Just paid it off this month - now I can divert the payment towards my newborn's college fund...
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Congrats on the newborn and on such awesome plan. Nothing like knowing there won't any worries about how to cover college for the kid when comes the time.
Are you doing 529? I am staying away from it and doing with something else.